No one can tell you with certainty when we're at the top of the market. The best we can do is follow trends as closely as possible and then look at certain indicators on the horizon that might tip us off to where we're going next. But if D.C. region home sellers ever wanted a period of time when prices were up, inventory low, and buyers stumbling over themselves to beat out the … [Read more...] about Are We at the Top of the D.C. Real Estate Market? April numbers have sellers on top and buyers chomping at the bit.
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Local Spotlight: How Hot is Alexandria Real Estate? Sellers' market dominates as prices are up and inventory low.
If you have been thinking about selling your home this year, you’re probably already aware that throughout our region, it’s a hot sellers’ market! Here at D.C. Region Real Estate News, we give you a monthly rundown of the numbers so you can keep track of the market from Prince William and Fairfax to Montgomery and Prince Georges counties, as well as D.C. But today we wanted to … [Read more...] about Local Spotlight: How Hot is Alexandria Real Estate? Sellers' market dominates as prices are up and inventory low.
Red Hot D.C. Real Estate Market Explodes into Spring Make sure you have the right strategy to compete!
We’ve discussed the competitiveness of the local real estate market at length in recent months, and as we enter the typically busy days of spring and summer, there’s no sign of it letting up at all. Anecdotally, it’s a reality we’ve witnessed first-hand. A recent Old Town seller listed a home with us for $1,039,900. We received the first offer within about eight hours of … [Read more...] about Red Hot D.C. Real Estate Market Explodes into Spring Make sure you have the right strategy to compete!
How Will 2020 Impact the Real Estate Market in 2021? The D.C. area market was strong in 2020, and looks pretty good so far in 2021.
After navigating the minefield that was 2020 in so many ways, we thought we’d do a minor post-mortem about the state of real estate as we move into 2021. We routinely take monthly snapshots of the market at DCRegionRealEstateNews.com, and putting them together over time provides a bit more definition than those trends month to month. A rather interesting tidbit about this … [Read more...] about How Will 2020 Impact the Real Estate Market in 2021? The D.C. area market was strong in 2020, and looks pretty good so far in 2021.
Heavy Competition Kicks Off Holiday Season Home Sales Home shoppers looking for more space, lower prices in suburban D.C.
As we move deep into the holiday season—where typically the market slows just a bit—we’re not yet seeing many signs of that this year. On top of that, we continue to see demand shifting slightly toward suburban areas, with inventory nearby the district actually up from last year at this time. Looking at the November numbers from MarketStats by ShowingTime—our local multiple … [Read more...] about Heavy Competition Kicks Off Holiday Season Home Sales Home shoppers looking for more space, lower prices in suburban D.C.